Is a Bachelor's Degree of Business Right for You?

An ever relevant, and still popular choice among students, a business degree may just be your ticket to success.

03 April 2017

Are you naturally drawn to all things related to business? Are you fascinated by the techniques and processes business professionals follow in order to propel their companies to success? If so, you may be the perfect candidate for a Bachelor’s Degree of Business. Graduating with a business degree can prepare you for a variety of career choices including: Fundraiser, business consultant, financial advisor, stockbroker, market research analyst, and many others.

What Is a Business Degree?

A Bachelor's of Business is a three to four-year degree offered by universities around the world. It gives students the knowledge, and background they need to become business professionals. Most business degrees cover core topics like Economics, Operations Management, Marketing, Financial Management, and Accounting. These topics are meant to help you understand the basic, functional aspects of a company.

In addition to covering the basics, most Business programs also give students the opportunity to specialise in any one of those core topics. So, if you are drawn to a specific area of Business, you will have the chance to focus on it, and move away from the more general, foundation material. You may even get the chance to opt for a double major - combining two of the areas that interest you the most.

What Are the Benefits of a Business Degree?

Wondering how a business degree can help you succeed? Take a look at the three top benefits of earning a Bachelor’s Degree of Business:

Versatility

Great Earning Potential

High Demand

A business degree is versatile and gives you the freedom to enter practically any industry you want. Business degree graduates often go on to become Chief Financial Officers (CFOs), Chief Investment Officers (CIOs), bank examiners, marketing managers, venture capitalists, real estate brokers and senior tax managers.

Depending on individual career choices, business graduates have the potential to earn a great income. A few of the highest-paying careers available to business graduates include: Business development manager, accounting director, internal audit director, tax director and Chief Investment Officers.

Business graduates are in high demand throughout the world, and hiring managers are always on the lookout for smart, business-savvy individuals who will bring value to their companies. A few of the top companies known for hiring job seekers with business degrees include Google, Goldman Sachs, IBM, Microsoft, Bain & Company, and Bank of America.

Are You A Good Fit?

Do you love working in an office setting with other professionals who are serious about their jobs? Have people ever commented on your impressive problem-solving skills? Is it easy for you to understand basic business principles and concepts? If you answered yes to any of the above questions, then a business degree may be a good fit for your personality.

You will have a great chance of graduating with a business degree if you have a few relevant skills and characteristics, including: Creativity, good written and oral communication skills, excellent work ethic, and a solid understanding of mathematics.

What Does It Take to Succeed in Business?

To get a better idea of what it takes to succeed in business, study the attributes and characteristics of famous people who have received business degrees. A few great examples are Mark Cuban, Warren Buffet and Meg Whitman.

Mark Cuban is a well-known American businessman who graduated with a Bachelor’s Degree in Business Administration from Indiana University. He has relied on his business knowledge to help him start up successful companies and enter into profitable partnerships with other business owners. In an interview with Forbes, Cuban stated that his hard-working personality was one of the keys to his success.

Warren Buffet, the chairman and CEO of Berkshire Hathaway, earned his Bachelor’s Degree in Business Administration from the University of Nebraska-Lincoln and is now one of the wealthiest investors in the world.

Meg Whitman, the president and CEO of Hewlett Packard Enterprise, earned her MBA from Harvard Business School and served as the CEO of eBay for 10 years. Her ambition began at a young age and she graduated from high school in just three years.

What Now?

Once you have decided a business degree is the right choice for you, what happens next? Put yourself on the fast track to success by starting now, and completing these three simple steps: preparation, research and university selection.

Focusing on your secondary education is one of the best ways to prepare to enter a business program in the future. In particular, you should pay special attention to mathematics, since many areas of business will require you to lean heavily on your mathematical knowledge. If you have the opportunity to take an elective course in macroeconomics or microeconomics, consider doing so.

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